Q4 EPS Estimates for Phillips 66 Reduced by Zacks Research

Key Points

• Zacks Research has decreased the Q4 2025 earnings per share estimate for Phillips 66 from $1.35 to $1.32, while the current full-year earnings consensus remains at $6.80 per share.
• Phillips 66 reported earnings of $2.38 per share for the last quarter, exceeding estimates by $0.59, with a revenue of $33.77 billion.
• The company recently declared a quarterly dividend of $1.20 per share, reflecting a 3.9% yield, with a dividend payout ratio of 115.38%.

Phillips 66 (NYSE:PSX - Free Report) - Investment analysts at Zacks Research lowered their Q4 2025 earnings estimates for Phillips 66 in a research note issued on Thursday, August 14th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings per share of $1.32 for the quarter, down from their prior estimate of $1.35. The consensus estimate for Phillips 66's current full-year earnings is $6.80 per share. Zacks Research also issued estimates for Phillips 66's Q3 2026 earnings at $2.79 EPS.

Phillips 66 (NYSE:PSX - Get Free Report) last released its earnings results on Friday, July 25th. The oil and gas company reported $2.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.59. The business had revenue of $33.77 billion during the quarter, compared to the consensus estimate of $32.11 billion. Phillips 66 had a net margin of 1.27% and a return on equity of 4.87%. During the same quarter last year, the firm earned $2.31 earnings per share.

A number of other analysts have also recently commented on the stock. Evercore ISI began coverage on shares of Phillips 66 in a research note on Wednesday, June 18th. They issued an "outperform" rating and a $130.00 price target for the company. TD Cowen increased their price target on shares of Phillips 66 from $130.00 to $134.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Argus upgraded shares of Phillips 66 to a "strong-buy" rating in a research note on Thursday, July 31st. UBS Group increased their price target on shares of Phillips 66 from $141.00 to $143.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Finally, Raymond James Financial set a $142.00 price target on shares of Phillips 66 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $136.20.

Phillips 66 Stock Up 2.8%

Phillips 66 stock traded up $3.5390 during mid-day trading on Monday, reaching $127.9890. The company's stock had a trading volume of 223,755 shares, compared to its average volume of 3,314,506. The company has a market capitalization of $51.72 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 1.67 and a beta of 1.09. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 1.07. The business's 50 day simple moving average is $124.16 and its 200 day simple moving average is $119.01. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $140.85.

Hedge Funds Weigh In On Phillips 66

Several hedge funds have recently bought and sold shares of the company. Wolff Wiese Magana LLC grew its holdings in shares of Phillips 66 by 62.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 214 shares of the oil and gas company's stock valued at $26,000 after purchasing an additional 82 shares during the last quarter. von Borstel & Associates Inc. bought a new stake in shares of Phillips 66 during the 1st quarter valued at approximately $27,000. Olde Wealth Management LLC bought a new stake in shares of Phillips 66 during the 1st quarter valued at approximately $28,000. Opal Wealth Advisors LLC bought a new stake in shares of Phillips 66 during the 1st quarter valued at approximately $29,000. Finally, Pacific Center for Financial Services bought a new stake in shares of Phillips 66 during the 4th quarter valued at approximately $27,000. 76.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Gregory Hayes bought 8,350 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were purchased at an average cost of $119.90 per share, with a total value of $1,001,165.00. Following the acquisition, the director directly owned 29,423 shares in the company, valued at $3,527,817.70. This represents a 39.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Vanessa Allen Sutherland sold 4,393 shares of the firm's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $130.00, for a total transaction of $571,090.00. Following the completion of the transaction, the executive vice president directly owned 43,373 shares in the company, valued at approximately $5,638,490. This represents a 9.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 9,850 shares of company stock worth $1,188,910. 0.22% of the stock is currently owned by insiders.

Phillips 66 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th will be paid a $1.20 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $4.80 annualized dividend and a yield of 3.8%. Phillips 66's payout ratio is 115.38%.

About Phillips 66

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.